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The Latest Breaking News on Real Estate

Americans living in their cars are finding refuge in ‘safe parking lots’

Municipalities and non-profits are establishing secure lots to address the rising number of people who live in cars or RVs

The Guardian - US

'Just fix it!': Why Portugal's housing crisis keeps getting worse

In Portugal, the home ownership rate among young people has plummeted by 50% over two generations, leaving Portugal's youngest with little choice but to struggle to find financial independence or leave the country.

France 24

The Greens ring in the new year with a new fight over Australia’s housing crisis

Adam Bandt signals new rent freeze push and criticises ‘tax cuts for billionaires’ as Labor aims to get ‘help to buy’ scheme through parliament

The Guardian - AU

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Average London house price down £12,000 in 2023, but 'crash' predictions proven wrong

Some economists thought London house prices could fall by as much as 10%

Evening Standard

Primrose Hill: from glittering A-list hangout to battleground for public safety?

Primrose Hill exploded in popularity over lockdown. Now the tragic death of a teenager leaves residents searching for answers on how to make their park safe for everyone

Evening Standard

When college students have no home, it’s up to their schools to step up

Research from fall 2020 found that 43% of students at four-year institutions were experiencing housing insecurity and 14% were experiencing homelessness. Illinois is addressing the problem.

Chicago Sun-Times

How we turned our chilly terraced house into a joyful and exciting home

Inspired by the artist Donald Judd, we focused on colour, pattern and texture

The Guardian - UK

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Mapped: The highest and lowest average house prices in the UK at the end of 2023

Halifax’s House Price Index says property values increased by 1.7 per cent across the board in 2023, although some regions recorded a significant drop

The Independent UK

Europe's inflation is up after months of decline. It could mean a longer wait for interest rate cuts

Inflation is on the rebound in Europe

The Independent UK

UK house prices rise again but Halifax forecasts up to 4% drop in 2024

Growth rates driven by shortage of properties on market, says mortgage lender, with typical home worth £287,105

The Guardian - UK

Average UK house price ended last year £4,800 higher than at end of 2022 – index

The typical UK house price in December 2023 was £287,105, up from £282,305 in the same month a year earlier, Halifax said.

The Independent UK

US economy adds more jobs than expected; eurozone inflation rises to 2.9% – as it happened

US unemployment rate remains at 3.7% against expectations of an uptick; however jobs increases in November and October are revised lower

The Guardian - UK

UN tips slow and steady inflation progress in Australia

The United Nations says the world economy is in for another tough year, with Australia and other developed economies in Asia facing strong headwinds.

AAP

Mortgage market ‘heating up’ but homeowners still face ‘painful’ cost increase despite falling rates

The average rate on a two-year fixed mortgage deal has fallen from 5.92 per cent to 5.87 per cent

The Independent UK

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The Hindu

Registration of new apartments comes to a standstill in Chennai and other parts of the State: CREDAI

Registration of apartments in Chennai & other parts of Tamil Nadu halted due to single agreement system with composite valuation methodology, causing concern for home buyers & builders.

The Independent UK

Average long-term mortgage rates edge higher, snapping 9-week slide

The average long-term U.S. mortgage rate edged higher this week, ending a nine-week slide that gave prospective homebuyers some breathing room after home loan borrowing soared to the highest level in more than two decades

The Hindu

Upscale residential sales surge in Hyderabad in 2023: Report

Hyderabad witnessed a 6% YoY growth in residential property sales in 2023, with 46,985 units launched, & 8.8 million sq. ft. of office space leased.

WEKU

After the Surfside collapse, Florida is seeing a new condo boom

The 2021 collapse killed nearly 100 people. Regulations passed since then have raised costs for those living in older buildings. Developers want homeowners to sell so they can put up luxury condos.

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news in one place.

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The Guardian - UK

Britain’s housing market may be ‘past peak pain’ but what will 2024 bring?

Second year of falling prices expected though recovery is likely in the second half as interest rates come down

Evening Standard

Living in London: essential advice for first-time buyers, renters and homeowners in 2024

Will house prices go up or down? What next for mortgage rates? Where are the best value neighbourhoods now? Your home-buying questions answered

The Independent UK

Homeowners set to benefit from mortgage price wars, experts say

Lenders set to undercut one another after record number of homes went on market on Boxing Day

AAP

Land tax changes to recoup $1b more from Victorians

An increase in land tax for more Victorians is expected to raise $1 billion more than previously projected, according to the independent budget office.

The Independent UK

Record Boxing Day bounce in sellers coming to market, says Rightmove

The number of buyers contacting estate agents about homes for sale also jumped, the property website said.

Chicago Sun-Times

Bring Chicago Home real estate transfer tax would cost renters a lot

It would not make housing more affordable or more available, the president of a property management company writes. And it would not improve the quality of housing.

Evening Standard

Captain Tom's family's spa pool faces demolition after they fail to issue appeal within deadline

Hannah Ingram-Moore and her husband, Colin, lost an appeal against an order to remove the building in the grounds of the property in Bedfordshire

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